Hydrogen Partnership for Future Green Energy Market
Key Ideas
- HD Hyundai and Shell are collaborating to develop large liquified hydrogen carriers.
- South Korean conglomerates, HD Korea Shipbuilding & Offshore Engineering, and HD Hyundai Heavy Industries signed an agreement with Shell.
- Parties aim to accelerate LH2 transportation technology development to meet growing demand for LH2 carriers from the 2030s onwards.
HD Hyundai has entered a partnership with energy giant Shell to work on developing large liquified hydrogen (LH2) carriers. The collaboration involves South Korean companies HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries signing an agreement with Shell. The focus of the partnership is to accelerate the development of LH2 transportation technologies, specifically aiming to create a large LH2 carrier starting from the 2030s. The anticipated increase in demand for such vessels is a driving factor behind this initiative. The move reflects a strategic effort towards contributing to the future green energy market by offering advanced hydrogen transportation solutions.